{
 "ticker": "BAVA",
 "name": "Bitwise Avalanche ETF",
 "issuer": "Bitwise",
 "desk": "crypto",
 "url": "https://etfiq.com/funds/BAVA",
 "html": "https://etfiq.com/funds/BAVA",
 "markdown": "https://etfiq.com/funds/BAVA.md",
 "as_of": "2026-09-11",
 "verdict": "Since listing to Sep 11, 2026, BAVA returned \u221220.3% against Avalanche\u2019s \u221221.0%, 0.72 of a percentage point ahead.",
 "key_facts": [
  {
   "key": "total_return_time_since_it_listed",
   "label": "Total return, time since it listed",
   "value": "\u221220.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BAVA, total return, time since it listed: \u221220.3%, as of Sep 11, 2026."
  },
  {
   "key": "avalanche_over_the_same_days",
   "label": "Avalanche over the same days",
   "value": "\u221221.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BAVA, avalanche over the same days: \u221221.0%, as of Sep 11, 2026."
  },
  {
   "key": "difference_against_avalanche_in_percentage_points",
   "label": "Difference against Avalanche, in percentage points",
   "value": "+0.7 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BAVA, difference against Avalanche, in percentage points: +0.7 pts, as of Sep 11, 2026."
  },
  {
   "key": "days_it_has_traded",
   "label": "Days it has traded",
   "value": "104",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BAVA, days it has traded: 104, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$17m",
   "source": "10-Q balance sheet, Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "BAVA, net assets: $17m (10-Q balance sheet, Jun 30, 2026)."
  },
  {
   "key": "holds",
   "label": "Holds",
   "value": "Avalanche",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BAVA, holds: Avalanche, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sponsor",
   "label": "Sponsor",
   "value": "Bitwise",
   "source": null
  },
  {
   "key": "holds",
   "label": "Holds",
   "value": "Avalanche",
   "source": null
  },
  {
   "key": "sponsor_s_fee",
   "label": "Sponsor\u2019s fee",
   "value": "0.34%",
   "source": "10-Q"
  },
  {
   "key": "fee_waiver",
   "label": "Fee waiver",
   "value": "the whole fee, but it ended on May 14, 2026. The sponsor's fee above is what the trust charges now.",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$17m",
   "source": "10-Q balance sheet, Jun 30, 2026"
  },
  {
   "key": "staking",
   "label": "Staking",
   "value": "the filings say the trust stakes",
   "source": null
  },
  {
   "key": "listed_since",
   "label": "Listed since",
   "value": "Apr 15, 2026",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "104",
   "source": null
  },
  {
   "key": "days_it_closed_unchanged",
   "label": "Days it closed unchanged",
   "value": "0",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$20.2813",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "The fund": "+18.2%",
   "Avalanche": "+18.1%",
   "Difference, percentage points": "+0.1 pts"
  },
  {
   "window": "3 months",
   "The fund": "+14.5%",
   "Avalanche": "+13.5%",
   "Difference, percentage points": "+0.9 pts"
  },
  {
   "window": "Since it listed",
   "The fund": "\u221220.3%",
   "Avalanche": "\u221221.0%",
   "Difference, percentage points": "+0.7 pts"
  }
 ],
 "questions": [
  {
   "q": "Does BAVA track Avalanche?",
   "a": "Over the time since it listed to Sep 11, 2026 it returned \u221220.3% against Avalanche\u2019s \u221221.0%, which leaves it 0.72 of a percentage point ahead. That difference carries the fee, the custody cost and the market\u2019s pricing of the shares, and ETFIQ computes it from the fund\u2019s own closes and the coin\u2019s own closes over the same two dates."
  },
  {
   "q": "Does BAVA stake?",
   "a": "Avalanche is a proof of stake chain, so staking is possible. Whether this fund stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed."
  },
  {
   "q": "What is BAVA?",
   "a": "Bitwise Avalanche ETF, a spot Avalanche trust sponsored by Bitwise, listed Apr 15, 2026. It holds the coin through a custodian rather than futures on it or shares in companies that own it."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}